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Malaysia's 40 Richest(11~20)

Published: 10 Aug 2009 21:35:42 PST

Azman Hashim
Net Worth $470 million
Age 69
Marital Status Married, 5 children
Source finance
Longtime banking executive has been executive chairman of Amcorp since 1993. Malaysian financial services group. Opened Brunei operations in May. Chairman of the Malaysian Investment Banking Association. Loves scuba diving, painting and fast cars. A singer, has also recorded numerous albums.


William H.J. Cheng
Net Worth $390 million
Age 66
Marital Status Married, 3 children
Source retail
Runs the Lion Group, which has interests in plantations, steel, property. Though nicknamed "Steel King," biggest source of wealth is his indirect stake in Chinese retailer Parkson Retail, which he chairs. Also known as Cheng Heng Jem.


G. Gnanalingam
Net Worth $260 million
Age 64
Marital Status Married, 3 children
Source ports
Former tobacco and advertising executive cofounded, heads Westports Malaysia, one of nation's biggest ports. Private company valuation up because of better information from outside analysts; expects volume to contract for first time since it started as a container business in 1996. Has stake in transit hub KL Sentral.


Lim Kok Thay
Net Worth $225 million
Age 57
Marital Status Married, 3 children
Source gaming
Son of late Lim Goh Tong, has run Genting since 2003. Building gaming resort on Singapore's Sentosa Island, slated to open in 2010. His Star Cruises is working with Filipino tycoon Andrew Tan's Alliance Global to develop resort complex in Manila Bay.


Anthony Fernandes
Net Worth $220 million
Age 45
Marital Status Married, 2 children
Source airlines
Perennially optimistic travel tycoon on move during recession. His AirAsia, region's largest budget airline, adding flights to Bali, Taipei; secured debt financing for 15 new planes. Stock down just 2% in past year. Its 2-year-old long-haul discount airline AirAsia X began flying from Kuala Lumpur to London in March; Richard Branson is an investor.


Mokhzani Mahathir
Net Worth $215 million
Age 48
Marital Status Married, 5 children
Source oil services
Son of former pm Mahathir Mohamad runs petroleum company Kencana; former chairman switched roles and was redesignated chief executive in September. Investors include Quek Leng Chan (No. 6). Recently became chairman of fiber optic cable outfit Opcom Holdings, replacing his brother, its founder, who was named deputy international trade and industry minister. Also Malaysian Grand Prix chief, authorized Porsche dealer.


Lee Oi Hian
Net Worth $210 million
Age 58
Marital Status Married, 4 children
Source diversified
Chief executive of Kuala Lumpur Kepong, involved in plantation, property, retail. Bought palm oil business, Ladang Perbadanan-Fima last year; disposed of stake in Barry Callebaut Malaysia. Its Crabtree&Evelyn brand being hit by economic downturn. Also chairs Malaysia Palm Oil Council, chemicals company Batu Kawan; serves as director of U.K. chemicals maker Yule Catto&Co. Plc.


Chan Fong Ann
Net Worth $209 million
Age 78
Marital Status Married
Source palm oil
Joined board of Lee Shin Cheng's palm oil group, IOI 1985; remains a nonexecutive director and one of its biggest individual shareholders with a nearly 3% stake.


Kamarudin Meranun
Net Worth $205 million
Age 48
Marital Status Married, 5 children
Source airlines
Deputy chief executive of AirAsia, which he cofounded with Anthony Fernandes (No. 15). Also close partner with Tony in several other businesses including AirAsia x, in which he owns a bigger stake; Tune Hotels, which has 5 locations and is opening 7 more; and Tune Money.


Chong Chook Yew
Net Worth $200 million
Age 87
Marital Status Widowed, 4 children
Source real estate
Columbia University grad has run family's Selangor Properties since 2000. Stock down just 5% in past year, buoyed by successful housing project in Claremont, Australia.


Source: Forbes.com
Forbes.com

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